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Finance behind the Veil of Money: Response to Dr. Braun's Comment

Tags Production Theory

06/16/2016David Howden

Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 124–128

What is the relationship between opportunity cost, choice and action? In my review of Eduard Braun's Finance behind the Veil of Money (2014), I took exception with his view that opportunity costs are not only unnecessary, but even detrimental to understanding decision making.

The most substantial difference between our views comes from Braun’s treatment of the relationship between opportunity cost and choice.

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Contact David Howden

Dr. David Howden is Chair of the Department of Business and Economics, and professor of economics, at Saint Louis University at its Madrid campus. A Fellow of the Mises Institute, he is the author of over 50 scholarly articles and books. His research focuses on the business cycle and fractional-reserve banking.

Cite This Article

Howden, David, "Finance behind the Veil of Money: Response to Dr. Braun's Comment," Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 124–128

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